RBI extends restrictions on Pusad Urban Co-operative Bank till February 7, 2027
The RBI on November 5, 2026 extended its directions on The Pusad Urban Co-operative Bank Ltd. by three months, up to the close of business on February 7, 2027. The order concerns customers of this bank based in Pusad, Yavatmal district, Maharashtra.
What this means for you
If you hold an account in this bank, the restrictions will now continue till February 7, 2027. The RBI has made clear that the extension does not mean it is satisfied with the bank's financial position. All other terms of the earlier direction stay the same.
Key facts
- The RBI issued the order on November 5, 2026.
- The directions were extended for three months beyond November 7, 2026.
- They now run up to the close of business on February 7, 2027.
- The bank is in Pusad, Yavatmal district, Maharashtra.
- The RBI said the extension does not mean it is satisfied with the bank's financial position.
- Other terms and conditions of the earlier direction remain unchanged.
What has happened
The Reserve Bank of India (RBI) has extended its directions on The Pusad Urban Co-operative Bank Ltd., a bank based in Pusad, Yavatmal district, Maharashtra. In its order dated November 5, 2026, the RBI said the directions are extended for a further three months from the close of business on November 7, 2026, to the close of business on February 7, 2027.
What the earlier orders said
The RBI had first issued directions to the bank under the Banking Regulation Act, 1949, on November 6, 2025, for six months up to the close of business on May 7, 2026. These were later extended up to the close of business on November 7, 2026, by an order dated July 31, 2026. The latest order extends them once more.
Why the RBI extended it
The RBI said it is satisfied that, in the public interest, it is necessary to keep the directions in force beyond November 7, 2026. The extension is subject to review.
Who is affected
The order concerns people who bank with this co-operative bank. The RBI also stated that the extension should not by itself be read to mean that it is satisfied with the bank’s financial position. All other terms and conditions of the earlier direction remain unchanged.
What to do next
The order does not ask customers to take any new step or meet any deadline. For details about how the directions apply, customers can check with their bank branch or the RBI’s official communication.
Questions and answers
How long will the RBI restrictions on Pusad Urban Co-operative Bank last?
They now run up to the close of business on February 7, 2027. The RBI extended them for three months beyond November 7, 2026.
Does the extension mean the bank's finances are now fine?
No. The RBI said the extension should not be taken to mean it is satisfied with the bank's financial position.
Have any other conditions changed?
No. According to the RBI, all other terms and conditions of the earlier direction remain unchanged.
Where is this bank located?
The bank is in Pusad, in Yavatmal district of Maharashtra.
Source: RBI, "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Pusad Urban Co-operative Bank Ltd., Pusad, Dist. Yavatmal, Maharashtra – Extension of Period", 5 November 2026. Read the original notice
This routine notice was drafted with AI from an official source and published automatically; an editor reviews it after publishing. Report an error